In case of any default, customer’s account shall be classified as follows:
|
SMA/NPA Classification |
|
|
Category |
Details |
|
SMA 0 |
Delay in Payment of PEMI/EMI upto 30 days |
|
SMA 1 |
Delay in Payment of PEMI/EMI more than 30 days and upto 60 days |
|
SMA2 |
Delay in Payment of PEMI/EMI more than 60 days and upto 90 days |
|
NPA |
Delay in Payment of PEMI/EMI more than 90 days |
Example:
If due date of a loan account is March 31, 2021, and full dues are not received before the MBHF runs the day-end process for this date, the date of overdue shall be March 31, 2021. If it continues to remain overdue, then this account shall get tagged as SMA-1 upon running day-end process on April 30, 2021 i.e. upon completion of 30 days of being continuously overdue. Accordingly, the date of SMA-1 classification for that account shall be April 30, 2021. Similarly, if the account continues to remain overdue, it shall get tagged as SMA2 upon running day-end process on May 30, 2021 and if continues to remain overdue further, it shall get classified as NPA upon running day-end process on June 29, 2021
